Financial highlights "
Li Qiang meets Russian Prime Minister Dmitry Mishustin.
On the afternoon of October 25th, local time, the State Council Prime Minister Li Qiang met with Russian Prime Minister Dmitry Mishustin in Bishkek during the 22nd meeting of the Council of Heads of Government (Prime Ministers) of SCO member states. Li Qiang pointed out that China is willing to further align its development strategy with Russia, promote the joint construction of the "Belt and Road" and the Eurasian Economic Union, maintain the growth momentum of trade and investment cooperation, deepen cooperation in the energy field, and enhance the level of interconnection and trade liberalization and facilitation. China welcomes more Russian high-quality products to enter China and supports enterprises of the two countries to deepen cooperation in automobile manufacturing. The two sides should jointly run the China-Russia Cultural Year and expand exchanges in education and local areas. China is willing to strengthen cooperation with Russia within the framework of the SCO, promote in-depth cooperation in industrial chain and supply chain, expand cooperation in industrial manufacturing, digital economy and green development, and provide new momentum for regional economic growth. Mishustin congratulated China on successfully hosting the third "Belt and Road" international cooperation summit forum, saying that the comprehensive strategic cooperative partnership between Russia and China in the new era is at an unprecedented high level. Russia is willing to work with China to implement the important consensus of the two heads of state, support each other to safeguard their core interests, strengthen the docking of the "Belt and Road Initiative" with the Eurasian Economic Union, expand cooperation in the fields of economy, trade, energy and interconnection, run the Russian-Chinese Cultural Year well, deepen cooperation within multilateral mechanisms such as the SCO and BRICS countries, and promote the process of world multipolarization.
National Medical Insurance Bureau: In 2022, the data of residents’ medical insurance participation declined on the surface, but actually increased slightly.
Recently, the responsible comrades of the relevant departments of the National Medical Insurance Bureau were interviewed on the participation of basic medical insurance. The person in charge said that in 2022, China’s basic medical insurance participation rate was stable at over 95%. Due to the improvement of enrollment quality and the de-duplication of enrollment data, the enrollment data of residents’ medical insurance in 2022 was 983.49 million. Although it decreased on the surface compared with the previous year’s data, the real overall enrollment actually increased slightly due to the significant reduction of repeated enrollment, and the basic medical insurance enrollment market remained stable.
Next year’s Spring Festival holiday can take 8 days off train tickets, and the search volume of international air tickets will double.
On October 25th, the General Office of the State Council issued a notice on some holiday arrangements in 2024, including 8 days off during the Spring Festival. According to the data of Qunar, less than half an hour after the release of the Notice, the search volume of train tickets and international air tickets on the platform doubled during the Spring Festival of 2024; Passengers in Shanghai and Changsha have already purchased holiday tickets. From the destination point of view, after the news was released, the domestic destinations that Qunar platform users were most concerned about were Sanya, Dali, Beihai, Haikou and Xishuangbanna. The top five destinations for overseas search volume growth are Australia, Spain, Switzerland, France and New Zealand.
The average interest rate of the first home loan in 100 cities is as low as 3.88%, and the first-tier cities still maintain a high level.
According to RealData data, the average mortgage interest rate of the first and second homes in Baicheng dropped to 3.88% and 4.44% respectively in October. At the same time, the average lending period of banks this month is 20 days, which is the same as last month, maintaining a relatively fast lending speed. Specifically, in the first-tier cities, the interest rates of the first and second home loans in October were 4.38% and 4.88%, respectively, which were 10BP and 7BP; lower than last month. The interest rate of the first home loan in second-tier cities remained at 3.88% last month, and the interest rate of the second home loan was 4.45%, 10BP lower than last month. The interest rates of first and second home loans in third-and fourth-tier cities decreased by 2BP and 14BP to 3.85% and 4.41% respectively. It is understood that mortgage interest rates in first-tier cities remain at a high level, especially in Beijing and Shanghai. Among the 100 cities, only the first set of interest rates in first-tier cities is higher than 4%, and the second set of interest rates in 14 cities is higher than 4.4%.
Will Huawei take over the whole car sales system? Here comes the response.
On October 25th, it was reported that Huawei would fully take over the sales system of the international community, and all the sales staff of AITO International Community would join Huawei’s wholly-owned subsidiary "Shenzhen Huitong Business Co., Ltd." to become Huawei’s supernumerary employees, and all the signing changes would be completed next year. After the re-signing, Huawei will further control the sales service system of the industry, and control the sales strategy and workflow. The rent of Huawei’s offline stores is still paid by dealers, and the labor cost of sales staff is borne by Huawei. In this regard, AITO asked the community to respond that the information reported by the relevant media that "Huawei will fully take over the sales system of the community" is not true.
150,000 deposit changed to "purchase"? Chengdu Branch of Agricultural Bank of China: actually buying time deposit products.
After the incident that "the woman exposed 150,000 deposits and changed them into purchases privately by the Agricultural Bank of China" caused great concern, the Chengdu Branch of the Agricultural Bank of China responded to this. On October 25th, the relevant person in charge of Chengdu Branch of Agricultural Bank of China responded that the purchase of products mentioned by customers in the video is actually a time deposit business, which is handled in the form of "purchase" just like personal certificates of deposit.
Hu Zhenyu, the founder of Nut Projection, was restricted from high consumption and once exposed himself: I was kicked out of the company by the board of directors.
Recently, Hu Zhenyu, the founder of Nut Projection, was included in the list of untrustworthy people. According to the China Implementation Information Open Network, the Minhang District People’s Court of Shanghai filed a case on August 14, 2023 to execute the labor arbitration of "Shanghai Jinglan Technology Co., Ltd.". Because the company failed to fulfill the payment obligations specified in the effective legal documents within the time specified in the notice, it took measures to restrict consumption of Shanghai Jinglan Technology Co., Ltd. At the same time, Wu Zhan, the legal representative of Shanghai Jinglan Technology Co., Ltd., and Hu Zhenyu, the main person in charge, were included in the list of untrustworthy people. Previously, Hu Zhenyu, the founder of Nut Projection, was dismissed as the chairman. Late at night on September 8, Nut Projection issued a statement saying that Hu Zhenyu resigned as the chairman of the company for personal physical reasons and still served as a director of the company to guide the company’s strategic direction. Hu Zhenyu claimed to be "removed from the position of chairman of Nut and relieved of all duties of the company. It can be understood that I was kicked out of the company by the board of directors, which is related to its previous VR entrepreneurial project.
Important announcement "
Yonghe Medical: According to the share repurchase authorization, the maximum amount to be repurchased shall not exceed 10% of the total shares of the company.
Morgan Stanley: Ted Pick will be the CEO of the company
Meta: Revenue in the third fiscal quarter was higher than expected, and the number of monthly active users increased by 3% year-on-year.
Apple: It plans to completely reform the AirPods headset series, and some new products will be available next year.
Zhongji Xuchuang: The demand and order of the 800G optical module of the company’s AI major customers have not been revised or cut down.
Boeing: It is expected that the delivery volume of 737 series passenger aircraft will be the same as that in September.
Amazon: Introducing artificial intelligence image generation function
Renault: It will invest 3 billion euros to launch eight new models.
Tongxing Environmental Protection: The national key R&D plan projects that the company participated in were approved.
Hongxin Electronics: We are stepping up communication with a number of NVIDIA channel providers.
Yuanxing Energy: The third and fourth production lines of the first phase of Alashan natural alkali project have not been put into trial operation yet.
Jiejia Weichuang: Net profit in the third quarter was 471 million yuan, up 50.51% year-on-year.
Sichuan Changhong: The net profit in the third quarter was 277 million yuan, a year-on-year increase of 273.17%.
Overseas market "
The three major indexes of US stocks collectively closed down, and popular technology stocks generally fell.
The three major indexes of US stocks collectively closed down, with the Dow down 0.32% and the Nasdaq down 2.43%, the biggest one-day drop since February. The S&P 500 index fell 1.43%, popular technology stocks generally fell, and Google fell over 9%, the biggest one-day drop since March 2020. Amazon fell over 5%, Meta and NVIDIA fell over 4%, and Tesla and Apple fell over 1%. Robotics, semiconductors and software applications have fallen, with Nano Semiconductor, Snap, Intel and AMD falling by more than 5%, NXP and Qualcomm falling by more than 4% and ASML falling by nearly 3%. Packaged food, pharmaceutical retail, oil and natural gas sectors rose, General Mills and Hormel Foods rose more than 3%, Imperial Oil and Senke Energy rose more than 1%.
Us bond yields rose across the board.
Late in new york on Wednesday (October 25th), the yield of the US 10-year benchmark treasury bonds rose by 11.49 basis points to 4.9378%, with intraday trading ranging from 4.9570% to 4.8040%. The yield of two-year US bonds rose by 4.6 basis points to 5.1185%, with intraday trading in the range of 5.1290%-5.0499%. The yield spread of three-month Treasury bonds /10-year US bonds rose by 8.964 basis points to -53.480 basis points. The yield spread of 02/10-year US bonds rose by 11.043 basis points to -18.281 basis points.
Major indexes of European stocks closed higher.
Germany’s DAX30 index rose 0.11%, Britain’s FTSE 100 index rose 0.33%, France’s CAC40 index rose 0.31%, and Europe’s Stoxx 50 index rose 0.15%.
The settlement price of crude oil futures closed up.
WTI December crude oil futures settlement price closed up 1.97% to 85.39 USD/barrel; Brent December crude oil futures settlement price closed up 2.34% to $90.13/barrel.
Gold futures closed higher.
Comex December gold futures closed up 0.44% at $1994.90 per ounce; Comex December silver futures closed down 0.47% at $23.007 per ounce.
Sources: Xinhua News Agency, CCTV News, Cailian Association.